MORNING UPDATE: Man Securities Issues Alerts for EMC, IBM, MCD, FRX, and MO
October 19 2004 - 10:35AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for EMC, IBM, MCD,
FRX, and MO CHICAGO, Oct. 19 /PRNewswire/ -- Man Securities issues
the following Morning Update at 8:30 AM EDT with new PriceWatch
Alerts for key stocks. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before
the open... PriceWatch Alerts for EMC, IBM, MCD, FRX, and MO,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "I think the mantra 'buy the dips' is still
firmly in place." -- Aaron Kildow, broker, Prudential Financial
Inc. New PriceWatch Alerts for EMC, IBM, MCD, FRX, and MO...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- EMC Corp.
(NYSE:EMC) Last Price 12.15 - JAN 11.00 CALL OPTION@ $1.65 ->
4.8 % Return assigned* -- International Business Machines
(NYSE:IBM) Last Price 85.92 - APR 85.00 CALL OPTION@ $4.80 ->
4.8 % Return assigned* -- McDonald's Corp. (NYSE:MCD) Last Price
29.20 - JAN 30.00 CALL OPTION@ $0.65 -> 5.1 % Return assigned*
-- Forest Labs (NYSE:FRX) Last Price 46.37 - JAN 45.00 CALL OPTION@
$4.00 -> 6.2 % Return assigned* -- Altria Group (NYSE:MO) Last
Price 47.40 - DEC 47.50 CALL OPTION@ $1.90 -> 4.4 % Return
assigned* * To learn more about how to use these alerts and for our
FREE report, "The 18 Warning Signs That Tell You When To Dump A
Stock", go to: http://www.investorsobserver.com/mu18 (Note: You may
need to copy the link above into your browser then press the
[ENTER] key) ** For the FREE report, "Is Your Investment Portfolio
Disaster Proof? - Insights, Stocks, And Strategies." go to:
http://www.investorsobserver.com/FREEDP NOTE: All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security. MARKET OVERVIEW Overseas markets are
performing quite well this morning as all 15 of the markets that we
track are currently in positive territory. The cumulative average
return on the group stands at a positive 1.081 percent. August
industrial production in the 12 countries comprising the Euro-Zone
declined in August. Production declined by 0.6 percent from July,
but rose by 1.5 percent versus August 2003. Analysts were
anticipating readings of minus 0.8 percent and plus 1.8 percent
respectively. Before the start of regular trade today the pair of
reports on the health of the retail sector will be released.
ICSC/UBS Chain Store Sales for the week ending October 9 rose by
0.5 percent, while Redbook Retail Sales for the same period
advanced by 0.7 percent. It has been said that this Halloween
selling season thus far has been a record breaker and could well
bolster this week's reports. At 8:30 a.m., September Housing Starts
are expected to have declined by 2.8 percent versus the 0.6 percent
advance posted in August. A potential rationale for the anticipated
decline would be hurricane related schedule disruptions in the
southern tier states. Sharing the pre-market time slot the
September Consumer Price Index (CPI) is expected to have remained
tame with a 0.1 percent advance, matching the prior month's 0.1
percent rise. The core index (less food and energy) is seen at plus
0.1 percent on a comparable 0.1 percent rise in August. To break up
our mid-morning, Federal Reserve Board Chairman Greenspan speaks at
10:00 a.m. on the mortgage market and consumer debt before
America's Community Bankers meeting in Washington. For a brief
period last week, his words assuaged the market on the price of
oil. Will he attempt to apply the soothing salve yet again today?
Later in today's session we have appearances scheduled for Federal
Reserve Governor Olson, St. Louis Federal Reserve President Poole,
and U.S. Treasury Snow. Be prepared for the investing week ahead
with Bernie Schaeffer's FREE Monday Morning Outlook. For more
details and to sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET
OPPORTUNITIES The Securities and Exchange Commission has already
proclaimed it an "uphill fight." So look for corporate regulation
to get tougher in the coming months. However, now that regulation
isn't simply restricted to companies -- it applies to the actual
stock market regulatory bodies too. SEC Chairman William Donaldson
recently announced measures to bring America's stock markets in
line with the companies listed on them in a bid to crack down on
corporate mischief. Donaldson believes the same rules should apply
to all, rather than distinguishing between the governing bodies and
companies. This means a range of so-called "sensitive" information
like executive pay would have to be disclosed by the markets'
regulatory bodies, as well as companies -- a proposal that comes in
the wake of last year's scandal over former NYSE chief Richard
Grasso's pay package. SEC officials are currently working on other
proposals that will soon be put to a five-man commission and
thereafter be subject to a vote. This would add to a broad range of
measures enacted after the collapse of Enron and others, as well as
boosting the staff at the SEC. Donaldson also reminded investors to
exercise their rights as shareholders and keep companies in line.
Receive incisive economic/market commentary, profitable advice and
access to a network of leading investment exports. Simply follow
this link: http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC
CALENDAR 7:45 a.m.: ICSC/UBS Chain Store Sales for the week ending
October 16 (last plus 0.5 percent). 8:30 a.m.: September Housing
Starts (last plus 0.6 percent). 8:30 a.m.: September Consumer Price
Index (CPI) (seen at plus 0.1 percent, last plus 0.1 percent). 8:30
a.m.: September CPI core Index (less food and energy) (seen at plus
0.1 percent, last plus 0.1 percent). 8:55 a.m.: Redbook Retail
Sales for the week ending October 16 (last plus 0.7 percent). 10:00
a.m.: U.S. Treasury Secretary Snow holds roundtable with business
leaders and U.S. Rep. Pitts, R-Pa., in Lancaster, Pennsylvania.
10:00 a.m.: Federal Reserve Board Chairman Greenspan speaks on the
mortgage market and consumer debt before America's Community
Bankers meeting in Washington. 12:30 p.m.: Federal Reserve Governor
Olson speaks on banking industry trends at Widener University
lecture in Chester, Pennsylvania. 1:00 p.m.: St. Louis Federal
Reserve President Poole speaks at Delta State University in
Cleveland, Mississippi. 2:00 p.m.: U.S. Treasury Snow holds
roundtable at Sechan Electronics in Lititz, Pennsylvania. 6:30
p.m.: ABC/Money Magazine Consumer Confidence Index for the week
ending October 16 (last minus 11). Man Securities is one of the
world's leading option order execution firms. Man's in-house broker
team offers a level of personal service and experience unavailable
from no-frills discount brokers. To improve your understanding of
option pricing get Man's FREE Margin/Option Wizard software at:
http://www.investorsobserver.com/mancd . Member CBOE/NASD/SPIC.
This Morning Update was prepared with data and information provided
by: InvestorsObserver.com -- Better Strategies for Making Money
-> For Investors With a Sense of Humor. Only $1 for your first
month plus seven free bonuses worth over $420, see:
http://www.investorsobserver.com/must 247profits.com: You'll get
exclusive financial commentary, access to a global network of
experts and undiscovered stock alerts. Register NOW for the FREE
247profits e-Dispatch. Go to:
http://www.investorsobserver.com/agora Schaeffer's Investment
Research -- Sign up for your FREE e-weekly, Monday Morning Outlook,
Bernie Schaeffer's look ahead at the markets. Sign Up Now
http://www.investorsobserver.com/freemo PowerOptionsPlus -- The
Best Way To Find, Compare, Analyze, and Make Money On Options
Investments. For a 14-Day FREE trial and 5 FREE bonuses go to:
http://www.poweroptionsplus.com/ All stocks and options shown are
examples only. These are not recommendations to buy or sell any
security and they do not represent in any way a positive or
negative outlook for any security. Potential returns do not take
into account your trade size, brokerage commissions or taxes which
will affect actual investment returns. Stocks and options involve
risk and are not suitable for all investors and investing in
options carries substantial risk. Prior to buying or selling
options, a person must receive a copy of Characteristics and Risks
of Standardized Options available from Sharon at 800-837-6212 or at
http://www.cboe.com/Resources/Intro.asp . Privacy policy available
upon request.
http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO
http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT:
Michael Lavelle of Man Securities, +1-800-837-6212 Web site:
http://www.mansecurities.com/mu.html
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